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Obama to Review Options on Iraq, But Will Send No Troops

President Says It's Ultimately Up to Iraqis to Resolve Situation

U.S. President Barack Obama gives an update on the situation in Iraq, and reminds the U.S. that it will do its part to help fight the Islamic State in Iraq and the Levant, but that Iraq as a sovereign nation will be primarily responsible for solving its problems. Photo/Video: AP

WASHINGTON—President Barack Obama Friday laid the groundwork for U.S. military action in Iraq, saying the crisis poses a threat to American national security interests—but cautioning that a possible strike isn't imminent.

Mr. Obama said he would make a decision in coming days as he considers a range of military options in Iraq that are designed to slow the tide of Sunni militants, who have seized control of several major cities in...